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KUALA LUMPUR: Ni Hsin Resources Bhd has proposed to undertake a renounceable rights issue of up to 960.1 million redeemable convertible preference shares (RCPS) at an issue price of 0.01 sen each on the basis of two RCPS for every one existing share held.
KUALA LUMPUR: Ni Hsin Resources Bhd's unit will distribute Japanese kitchen cookware manufacturer Wonder chef Co. Ltd's products, especially woks and pressure cookers, in Asean.
KUALA LUMPUR: Cookware producer Ni Hsin Resources Bhd is expecting China to become the company’s largest export market and take over the pole position from Japan.
KUALA LUMPUR: Premium cookware maker Ni Hsin Resources Bhd has terminated its trademark licence agreement (TLA) with US-based Standardworld Holding Ltd, which holds the right to the Buffalo brand, so it can realign its direction to the original design manufacturer (ODM) and original equipment manufacturer (OEM) markets.
Cookware and convex mirror manufacturer Ni Hsin Resources Bhd sees an additional profit of RM2.7mil in the financial year ending Dec 31, 2008 (FY08) with its acquisition of the remaining 49% equity interest in Ever-Grow Advanced Materials Sdn Bhd.